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Banganga Paper Industries Limited's statutory auditor, M/s. Jain Chhajed & Associates, has resigned from their position, citing 'pre-occupation' as the reason. This development is significant for investors as the statutory auditor is crucial for independently verifying the company's financial health and ensuring transparency in reporting. The company will now need to appoint a new auditor to maintain robust financial oversight and uphold stakeholder trust in its disclosures. Shareholders will be watching for the appointment of a successor to ensure continuity in governance and financial assurance.